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Synergy Resources Acquires Mineral Acres in Denver-Julesberg Basin

SRC Energy Inc Declar Oil & Gas, Inc.
AnnouncedFeb 23, 2012
TypeProperty
Announced Date
February 23,2012
Close Date
March 14,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
3




Snapshot
Asset/Basin:
{"Denver-Julesburg Basin"}
TargetZones:
{Niobrara,Greenhorn,
Net Acres
Location
Country
United States

State
Colorado


Transaction Details:  Subscribe to see

Synergy Resources Corporation, a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today announced that, on March 14, 2012, it closed the previously announced acquisition of mineral interests from DeClar Oil and Gas, Inc. ("DeClar") and Wolf Point Exploration, LLC ("Wolf Point").
The mineral interests acquired by Synergy cover approximately 17,000 gross acres (8,875 net acres) in Weld, Morgan and Larimer Counties, Colorado. The Company acquired the assets for total consideration of $2,662,634 in the form of $2,200,000 in cash and…

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